$LAB experienced a notable long liquidation event as leveraged bullish positions were forced out of the market, triggering automatic selling pressure and accelerating the recent pullback

The $7.4269K long liquidation at $13.77901 signals a meaningful leverage reset, flushing overextended long positions and pushing price back into a critical demand zone where buyers will need to defend support

EP
13.40 - 13.90

TP
TP1 14.80
TP2 15.80
TP3 17.20

SL
12.80

Liquidity was swept below short-term support levels, removing excess leverage and helping establish a healthier market structure following the liquidation-driven decline

The selloff appears primarily driven by forced liquidations and profit-taking rather than a confirmed bearish trend reversal, making the current support region especially important to monitor

Price is now testing a key demand area where signs of accumulation and higher lows could indicate that buyers are preparing for another recovery attempt

As long as the 13.30 - 13.70 region remains supported, the probability of a rebound toward higher liquidity targets remains favorable

A successful reclaim of 14.80 could attract fresh momentum buyers and open the path toward the next resistance levels near 15.80 and 17.20

The recent leverage flush has removed weak hands from the market and reduced excessive bullish positioning, creating conditions for more sustainable price action moving forward

Traders will be closely watching whether $LAB can stabilize above support and rebuild momentum following this liquidation-driven correction

Let's go $LAB ‌